Business and Financial Watch

Archive for the ‘Enterpreneurship’ Category

In recent weeks there have been continuous updates from the major social networks like Twitter, with its improved search system or Facebook, which included new options in direct messages. Today the social network created by Mark Zuckerberg presents new possibilities adapted to comments.

The social network idea is to create a feedback system “more social” where they can “tell stories.” To do this, you will have at its disposal the ability to include “a title, image, description, URL and even a location” in his own commentary, according to the official Facebook blog.

These options come together in the concept “permalink.” Any person to comment on stories other users will be duly notified and can link from there to the ‘permalink’ staff.

Additionally, these comments give the possibility to export and highlights others. For example, a news site could highlight the most popular comments or show graphics that compare two things and create a political debate or of any material.

In addition, Facebook has been included at the request of developers, a slightly darker color of Facebook common to highlight comments without altering the line of the rest of the network.

Facebook also announced that its messaging system released last week will see increases in the number of foreign operators that can act on the network. This time it’s Hotmail service that joins Yahoo and AOL in the unified messaging system.

The update of comments will be applied, definitely, April 29, 2011, to ensure that all Facebook users have access to the latest version via the web.

According to the Family Business Institute estimated that in Spain there are more than two million family businesses accounting for 75% of private employment, and for 59% of exports and its turnover is 70% of GDP.

With the aim of raising awareness, support and guidance to family businesses in overcoming obstacles to a swift and smooth generational change, the Madrid Chamber of Commerce, together with the Council of Chambers of Commerce and the European Social Fund, has decided to organize interactive workshops 8-hour launch aimed at those responsible for small family businesses in methodologies, instruments and tools that contribute to improving and facilitating family-business relations, the succession process and its management and leadership.

The camera itself looks for companies preferably with a number of workers at or below 50 and of any sector, discharged from the IAE (section 1) and the current payment against the Treasury and Social Security, where the family is involved in the political control and economic development of the company or where a family member involved in the administration bodies and has a clear vocation for continuity within the family.

A prerequisite to be eligible for these courses is that the company is attached to the Community of Madrid and the person attending the workshop is the founder, owner or manager involved in the management of the company.

The personal image can be a problem or an advantage in getting the job success. Maintain good clothing is essential at work so many employers and employees choose garments extensively early in the morning. The experts are clear, the key is to reflect our true personality while we are in agreement with the situation. Provide a real image that is not only self-produced discomfort and lack of confidence in the rest.

The well-known fashion magazine Vogue says that the ideal is a suit of skirt or pants. As for the tone, says that the era of austerity and has gone through what must not be too strict with the colors.

Telva’s website adds to the research through the comments of experts in the field and all reach the same conclusion, simplicity is the key to success. As for the male sector, choosing work clothes every day is for some men a little annoying or uncomfortable, the experts say the bottom line is to get a good shave, the stubble is best left for the weekend. White socks are for sport and must always carry American ironed.

Where in Rome do as the Romans do :

• Choose a garment or another depends to a large extent, the type of company you are working, the post that will play and finally philosophy of the company.
• It is also significant to analyze the work environment in which the action is or is performing, not the same going to visit a purchasing manager or executive of a company that welcomes you in his office, go visit an employer or head of purchasing a garage or a work, which often are in casual clothes or work.
• The weather can also be something key to the choice of clothing, according to a study by Microsoft, in warmer countries or summer, the colors tend to be clearer and in some cases, clothing is a bit more informal. In any case, common sense and observation of your environment, you will go in the most accurate and in accordance with any circumstances.

Only 5% of companies reported suffering unpaid legal status Relations between firms are always complicated, especially when it comes to payments. According to the report of Pere Brachfield, professor at the School of Business Administration, Spanish firms do not report to its clients by default, although default has risen almost 7%, as reflected in the default rate produced by the company Credit & Surety.

In 2004 he published the Measures to Combat Delinquency to defend the rights of the companies pay. Despite having legal backing, only 5% of Spanish companies claim to other companies for failure to pay and when they decide to use legal action to claim what is yours do, just because they are not interested in continuing with trade relations.

Is a categorical decision, or until the default hold it adversely affects the business benefits or end for good trade relations. One of the fundamental causes without recourse to the law is because companies know their rights as to systematic delay payments. SMEs tend to be small with few employees who do not know the law against delinquency. Precisely the smaller companies are the most suffer the delay of payments. According to the consultant Intrum Justitia, annually, delays in payments can add up to 1,000 million euros.

On the other hand sales departments are often reluctant to stop when doubtful trade so to stay in a particular market.

Finally, the main cause of complaint is not complicated customer-supplier relationship. The expected loss of customers if they claim causes companies are able to withstand even knowing that they cause harm.

Branchfield The report stresses that depending on the type of business, timing can be extended significantly. In the case of food, media providers support recovery periods near 100 days. More alarming is the case of companies involved in construction. Contractors, subcontractors and materials manufacturers can have recovery times exceeding 200 days.

The Economy Ministry will present next month a report with data on the implementation of the Law of arrears in the complaint detailing the major associations of manufacturers, distributors and retailers. The data is being collected from the Central Balance Sheet Bank of Spain, Mercantil.y registry of the largest distribution and manufacturing, which have been asked by the assessment of the impact it has had the law since its adoption in 2004.

The aim is to tighten the law because depending on the sector, product and position of the debtor’s time can be extended from 45 to 300 days. On the other hand, the inspection tasks are hindered by the location of the manufacturer and trade in different regions.

The main measures are to be established to reform the law of debtors are:

-30 Days of payment period, in general, in the absence of agreement between buyer and seller.

Automatic high-accrual interest on late payment past due.

The creditor is entitled to claim reasonable compensation to the debtor for the recovery costs incurred to get collect the unpaid invoice.

- Possibility of agreeing a retention of title clauses for the seller retains title until full payment of the invoice.

- The contractual freedom should not protect abusive payment practices by imposing conditions that deviate from what the law says as’ reasonable benchmark. ” In any case, these practices will be declared invalid by the courts.

- Payment terms are established based on the mandatory nature of the product, in the case of retail.

- The procurement of services or property management shall be referenced to a maximum payment period of 60 days.

With these new rules is to ensure that billing and payment periods to customers and suppliers are fully neutral to the business of all sectors, and does not condition the competitiveness of certain enterprises over others. The experts called for the creation of an observatory to monitor the problem and a Defense of Creditor service.

Now that the sales approach, one wonders if one day there will be no long queues at checkouts, testers etc. According to the consulting firm TNS study in New Future in Store sounds like it. The experience of shopping within a few years will be completely different from what we have today and this will be by gradually incorporating the relevant technological innovations. The study of which we speak has been developed between 4,500 consumers in eight countries (Germany, Canada, China, USA, Spain, France, Japan and the UK), who were asked how they viewed the commercial distribution in the future and what they thought would be the main innovations in this sector.

The most talked about and striking idea is the creation of dependent holographic kind of virtual assistants able to answer questions and assist in the purchase process, could be the future workers in cutting-edge businesses in 2015. In total, 42 % of consumers believe that will be available in that year, although only 23% would seem an attractive innovation. In the case of Spanish, innovations are the top rated payment via fingerprint, smart carts and three-dimensional body scanning, with 64%, 57% and 56% of respondents who values ??with an average score or than 8, the application state that would use more Spanish (4 of 10) is the interactive help testers.

Some of the main innovations suggested by the study are:

• Interactive Mirror testers: digital display with a camera full extent avoid having to try on clothes.

• Interactive help in testers: a touch screen, customers can communicate from the tester with the sales staff.

• Smart Shopping Carts: shopping cart incorporates interactive technology that allows the customer to find products, access shopping lists, calculate the total cost of purchase or receive promotions and coupons with one click.

• Payment by fingerprint: there will be no cards, checks or money will be necessary. Just need a fingerprint and a current account with the bank.

• three-dimensional body scanning: Originally provided to avoid possible theft, but also will analyze the brands that you can sit the customer better.

• Purchase through networked devices, networked appliances monitor what products consumers use, create shopping lists and communicate with other devices to arrange delivery.

Ya know, if these cuts are about to lose his nerve, breathe deeply and think that in just a couple of years.

According to a study of senior management, 68% of workers are indifferent to the choice of having a male or female boss. There are several factors that influence the climate and therefore on worker satisfaction and productivity.

The job, responsibilities, pay, physical conditions of the job, the organization, involvement and relationships with peers and bosses are some of the variables that can influence both positively and negatively in the workplace.

Upper management has conducted a survey among 1156 of its employees, made available in different companies and sectors nationwide. According to the results, 68% of respondents shows indifference to the preference of having a male or female boss, while 18% opted for men and 14% for women.

What respondents value most is a superior that enhances teamwork, trait chosen by 29% of respondents. This feature will follow other as possessing good communication with their employees (25%), which has good knowledge (12%) and has the capacity to delegate (10%).

Finally, put skills have leadership skills (10%), good sense of humor (8%) and have experience (6%). By contrast, the least like the employees of a boss is the lack of respect (48%), abuse of authority (22%) and arrogance (16%).

This is compounded by the lack of professional communication with peers (10%), while the remaining 4% sure that what you like least about your superior is that it does not delegate and does not take into account the views of his team work.

The survey data reveal that although both sexes are shown, mostly indifferent when opting for the choice to have a head man or woman, secondly, women prefer heads (16%) and men heads (25%). For ages, we emphasize that with increasing age of the respondents, also increase the preference for having a boss man.

The figure of the coach breaks into our country and it seems she does not plan to leave. The coach is an experienced professional ready to help leaders develop their job skills and engage with the control of their personal lives with many ethical lessons.

The coach is the bridge of a large set of directors. In the United States and its presence is a must in any company worth its salt. But what happens with Spain?.

In the world of finance, although generally we believe that ethics is needed to succeed in business as many believe in the factor win / win (win / win) and in understanding the competition as a battlefield The reality shows that there is a human factor in business transactions involving the requirement to use ethics at all times.

A good coach will show us the best decisions and for that we will even ancient philosophy. How are good and ethical decisions? For Aristotle, the answer lies in the wisdom and virtue. The word virtue means willingness to do good and this as mentioned by Aristotle in his Ethics Nicómano has become a habit. Among the virtues of justice is the most important. Both wisdom and virtue are the two main elements of ethical culture.

On the opposite side is corruption, unethical practices, most of which are reflected in the abuse of power. Therefore, and to succeed we must avoid be surrounded by bad company.

After this brief discussion of the fundamentals in the philosophy of a good coach will add a couple more features to your figure:

? L The coach knows how to give importance to small details.

? L makes decisions after careful analysis.

? L generates in the organization’s concern for detail.

? L The coach is the figure of reference for the leader.

Promote a strong and lasting growth and create more jobs and better quality can be achieved only based on two fundamental points: creating a favorable environment for small and medium enterprises and foster a culture based more on entrepreneurship. Entrepreneurship is risky and requires self-confidence and autonomy as well as a willingness to risk taking. The creation of an enterprise, its success and failure are inherent to the reality of the market economy. As part of the general lack of recognition and understanding that exists in society towards entrepreneurship, the problems of the company or business failure are not yet understood as a normal. In fact should always be seen as an opportunity for a fresh start. Assume the failure of a company without losing the entrepreneurial spirit is essential to avoid stagnation of the economy. Assuming that these problems can arise is inevitable that the entrepreneur should understand from the outset.

The facts are clear: 50% of businesses do not survive the first five years of life. Therefore, a low survival rate of firms is not a cause for concern and the creation of new organizations is one way that employers are reacting to market realities.

A recent OECD study shows that the business survival rate over a period of four years are lower in U.S. than in Europe. This shows that the loss of business can be compatible with economic dynamism.

View the bankruptcy as an opportunity and take advantage of second chances is a must for any entrepreneur who wants to survive in the business world.

Entrepreneurship or Entrepreneurship (more literal translation Entrepreneurship) is the act of being an entrepreneur . Entrepreneur comes from the French and, in general terms, refers to “any person who identifies an opportunity and organizes the necessary resources to implement it.” This can result in the creation of new organizations or may be part of revitalizing mature organizations in response to potential opportunities. The best known form of entrepreneurship is that by creating additional business, but lately, the term has been extended to include activities that make the social and political.
Entrepreneurial activities are quite different, depending on the type of organization that is created. Entrepreneurship ranges from individual projects (even those who the entrepreneur is not engaged exclusively) to multiple major initiatives that create employment opportunities.

4. Invest in developing corporate vision. If your company has 100 employees, 15 employees and only 2 (you and your wife), also need to have a long-term vision. Why? because “he does not know where you want to reach, any road will take you.”

The vision and mission of a company must be printed in the heart of its directors and employees. Occasionally hires a good motivator to help your organization to keep the target clear goals and objectives of the business. Motivation is the fuel that makes human beings continue forward.

5. Invest in recognition. One of the major motivations of human beings is that our work is recognized. An employee who receives a token of appreciation for his work, probably work harder. Make a recognition culture in your organization by investing regularly (say every 2 or 3 months) in a program of recognition of the effort, values and excellent results.

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